Sometimes you begin a project and a few weeks or months down the road you realize this isn't the project for you.  Something isn't right, maybe there are red flags, maybe you have too much on your plate, maybe the client is Dr. Jekyll and Mr. Hyde.  There are many great reasons that you should get out of a project.  And it is perfectly okay to get out of a project.  But, getting out of a project shouldn't be a decision taken lightly.  You want to honor your commitments, just not at the expense of your personal well-being.  

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